Prism managers bid to take firm private
is it enough to halt slide?
Managers at Enfield-based Prism Leisure plc have offered to buy back the company in a cash deal worth £6.25 million. The offer by Linkwell -- the vehicle created by Prism's management for the takeover -- is for 75 pence a share. Turnover has fallen from a high of £33.5 million two years ago to 31.1 million last year. Profit fell sharply last year to £830,000 from £2.7 million. The CD and computer games wholesaler is highly dependent on the Christmas trade. ®
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